C
This is not correct. If the problems from four years ago have been settled (e.g. you cleared the loan albeit after missing repayments with the latter noted on your ICB records) then this issue will drop off your records after five years. However if there is still money outstanding on that loan and the matter has not been settled then it will probably remain on your records until you sort it out. What is the status of the loan with which you had problems meeting the repayments? Did you get a copy of your ICB file to check precisely what was recorded?catm said:I've had refusal because of repayment problems that are on my ICB report dating back approx 4 years when I had repayment problems on a loan ...
The only way for me to repair my ICB is to borrow again and repay successfully.
Some lenders specialise in offering loans to borrowers with credit history problems (e.g. GE Capital or some affiliated company I think?) but they normally charge a premium because of the additional risk such borrowers represent to them.Can anyone tell me where I could possibly get approval. Credit union is out as I don't save regulary there. Please help asap.
So your record will be clear by default in October 2008?catm said:I have my ICB report in front of me. The items in question are all paid in full and shown as C for cleared now.
And...?I've tried GE Capital.
I think that there are other lenders who specialise in offering loans to borrowers with credit history/rating problems. Can't think of them off-hand though. You might find some recommendations if you search this forum.I don't mind paying the high interest so long as I can get a loan.
demoivre said:Is there any way you can get a guarantor - that would strengthen your position.
catm said:I even tried using a guarantor with AIB and a couple of other banks.
NiallA said:CAr loans in BOI are approved centrally. I applied to them a number of years ago for a car loan, and was refused as i was considered a bad risk (temporary employment), however the local bank manager could approve a personal loan himself, which i used to buy my car. So i still got a loan from BOI after being refused a car loan from them. It might be worth a try.
Some are and more are planning to join.Thrifty said:they are not on the ICB (yet)
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